Chinese Gold Buying Continues for the 14th Consecutive Month

Chinese gold buying maintained its upward momentum at the end of December, as the People’s Bank of China continued to add to its gold reserves for the fourteenth consecutive month, reflecting Beijing’s preference for safe-haven assets.

Official data showed that the central bank’s holdings rose to 74.15 million ounces by the end of December, up from 74.12 million ounces in November, confirming the sustained pace of Chinese gold buying despite global market volatility.

The total value of China’s gold reserves climbed to more than $319 billion, posting a 2.8% monthly increase, supported by higher quantities and rising bullion prices.

This continued expansion in Chinese gold buying highlights a clear strategy aimed at diversifying reserves and strengthening financial stability amid global economic and geopolitical challenges.

Meanwhile, global gold and silver prices recorded declines during Wednesday’s session, although this did not alter Beijing’s long-term accumulation strategy.